Royce & Associates LP boosted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 28.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,769 shares of the transportation company’s stock after purchasing an additional 47,800 shares during the period. Royce & Associates LP owned 0.30% of Werner Enterprises worth $7,627,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP lifted its position in shares of Werner Enterprises by 159.3% in the third quarter. GSA Capital Partners LLP now owns 33,100 shares of the transportation company’s stock valued at $1,170,000 after buying an additional 20,335 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Werner Enterprises by 118.6% in the third quarter. Hsbc Holdings PLC now owns 44,284 shares of the transportation company’s stock valued at $1,564,000 after buying an additional 24,027 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Werner Enterprises in the third quarter valued at approximately $753,000. Pinnacle Associates Ltd. lifted its position in shares of Werner Enterprises by 33.4% in the third quarter. Pinnacle Associates Ltd. now owns 778,350 shares of the transportation company’s stock valued at $27,515,000 after buying an additional 195,047 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Werner Enterprises in the third quarter valued at approximately $709,000. 72.93% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. BidaskClub raised Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. ValuEngine raised Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Loop Capital assumed coverage on Werner Enterprises in a research report on Monday, October 1st. They issued a “buy” rating and a $42.00 price objective for the company. Wolfe Research cut Werner Enterprises from a “market perform” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Morgan Stanley set a $48.00 price objective on Werner Enterprises and gave the company a “buy” rating in a research report on Monday, October 22nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and an average target price of $41.40.
Shares of NASDAQ WERN opened at $31.05 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 24.45, a PEG ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.41. Werner Enterprises, Inc. has a 1-year low of $30.91 and a 1-year high of $43.95.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The company had revenue of $629.70 million for the quarter, compared to analyst estimates of $628.71 million. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Equities research analysts predict that Werner Enterprises, Inc. will post 2.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. Werner Enterprises’s dividend payout ratio (DPR) is currently 28.35%.
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Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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